Politicians don’t like to discuss it much but policy wonks in Washington are finding it harder and harder to ignore: The federal government has made promises with regards to Social Security that it can’t afford to keep. Keeping Social Security alive is going to require some very tough decisions in the coming years. These will like involve raising taxes, reducing benefits, or some combination of the two.
The Head of the Congressional Budget Office (CBO) Douglas Elmendorf recognizes that and suggests that it’s time to start leveling with the Americans who will be most affected. See more of his comments here:
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. The above links are provided for your information only. As they are provided by third parties, Kestra Investment Services (Kestra IS) does not endorse, nor accept any responsibility for the content. Kestra IS does not independently verify this information, nor do we guarantee its accuracy or completeness.
Kestra IS and Kestra AS do not provide tax or legal advice. This website is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact our Compliance Department at 737-443-2582.